What is Bitcoin Transfer?
The transfer of Bitquin is the use of price difference between different currency platforms (on a 10% basis), or buying a sale at low prices, or selling at high prices, to make profit spreads in the budget For example, at the same time, on OKCoin, $ 8130, and on the Pennance platform, the price of the Betcoin was $ 8201, we bought the Betcoin from the OkCoin platform and sold it on the Pennance, to make a difference and take profit.
What should be done to do the transfer?
Because the gain is based on the differences in the price of your platforms, and to compare prices between different platforms, above all is the recording of accounts on digital currency trading platforms such as binance, OkCoin, Bitfinex and polonex etc.
For digital currency innovators, you have to do a good job of customizing your digital currency before you start the transfer. You can use Bitcoin or etherium as a base currency in advance, just like in China, you can use RMB to buy things and come to the US Just like the US Dollar, just change your currency to the base currency of the different platforms so that you can move currencies as quickly as possible
Etherium transfers are faster than Betquin, but newcomers still recommend using Betquin as their primary currency
Process of the transfer
Buy in the low-price market, then transfer to the high-priced market for sale, then cash withdrawals or transfer to the low-price market again for recycling.
Precautions
Know and understand the characteristics of each platform and know the appropriate pull time, for example:
OKcoin: Transportation fee on the platform is 0.0005 homeowners on each process, withdrawal 0.5%.
Betquin trading network: 1 currency / 0.001 BTC, withdraw 0.4%.
You have to try the first a very small amount, to see if the market at low prices can buy digital currency, whether the high-priced market can sell digital currency, how long it takes to collect and transfer digital currency
Risk Warning
Different platforms have different trading speeds, and every trade must be recorded on the block network for completion, the time of transfer from one platform to another may cause a reverse price change.
The transport currency is volatile and revenues are high, however the size of the deal is small, and if the buyer is not found, it is likely that the currency is hanging in his hands.
SOCIALIZE IT →